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Investors will await fresh triggers this week from the US Fed event and could refrain themselves from taking large positions, said Sriram Iyer, Senior Research Analyst at Reliance Securities.

Among global brokerages, CLSA has a buy call with a target price of Rs 1,040 on ICICI Bank. Jefferies has set a target price of Rs 1,080. Morgan Stanley has an overweight rating with a target of Rs 1,040. These targets suggest an upside potential of up to 35 per cent of Monday’s closing price of Rs 800.90.

Earlier today, the dollar wobbled around just below multi-decade peaks on Tuesday, as traders eyed a rate hike from the US Federal Reserve and for any clues about whether hints of a slowing economy will prompt a shift away from its focus on inflation.

Canara Bank is trading off between growth and margins that is expected to bode well in the near term, said LKP Securities, which has a target of Rs 316 on the scrip.

On the upside, some resistance can be seen at 16,800 levels while the near-term support is placed at 16,500, and then towards 16,400 levels, suggest experts. “Traders should look for stock-specific opportunities for the next couple of sessions and be vigilant on the market movement post the event,” Ruchit Jain, Lead Research, 5paisa.com, said.

The stock quoted a 52-week high price of Rs 173.45 and low of Rs 125.2.

A total of 14,385 shares changed hands on the counter till 10:51AM (IST)

Supreme Industries Ltd., incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 23090.31 Crore) operating in Plastics sector.

As of 30-Jun-2022, promoters held 14.72 per cent stake in the company, while FIIs held 23.76 per cent and domestic institutional investors had 28.0 per cent.

On the technical charts, the RSI of the stock stood at 55.33.